Bear Market Reality: It's Here. Expect Much Worse

The Nasdaq officially went into bear market territory today. Expect things to get much worse.

Realistically speaking, this is just a start of a bear market. Here are some more charts to ponder.

S&P 500 Nears Bear Market

Dow Nears Bear Market

Nasdaq 100 Index in Bear Market

Russell 2000 in Bear Market

Apple Bear Market

Crude Bear Market

Nothing Magic

There is nothing magic about 20% declines. It's simply the most widely used definition of a bear market.

Bear markets seldom stop at 20% then magically reverse.

Expect worse, much worse.

Mike "Mish" Shedlock

Comments (26)
No. 1-11
Zardoz
Zardoz

Another Trumpletantrum, another 2%.

Mike Mish Shedlock
Mike Mish Shedlock

Editor

Trumpletantantrum - I like that - Did you coin that or pick it up somewhere?

domain
domain

Interesting how gold bottomed shortly before the peak in the Nasdaq. That is an awful lot of wisdom from a barbarous relic!

CzarChasm-Reigns
CzarChasm-Reigns

"Much worse" how? Great Depression-like in losses & duration? Fortunately, history shows Bear Markets are not only short-lived, but also few & far between.

I Listen
I Listen

Mish do you still like Goldmoney? How about MENE?